Tag: Iran

Israel has jeopardized maritime safety by attacking Iranian energy infrastructure along the Persian Gulf coastline, a senior Iranian official stated on 18 June.

Brent crude rose from $69 to $74 highlighting the global energy significance of the Strait of Hormuz amid the Iran-Israel tensions, the U.S. Energy Information Administration (EIA) pointed out.

Peter Sand, Chief Analyst at Xeneta, notes that geopolitical tensions are once again posing a threat to the safety and stability of global supply chains.

Commercial vessels operating in the Middle East are facing growing navigational risks due to widespread electronic interference, particularly GPS jamming and spoofing, Bloomberg reports. 

Iran’s naval forces have seized four tankers carrying thousands of liters of smuggled oil in the Persian Gulf.

The Government of Panama rejected the claims made by UANI and explained that Panama has already de-flagged over 650 ships since 2019.

On May 13, 2025, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on nearly two dozen entities involved in Iran’s illicit oil trade.

OFAC has placed a new round of sanctions on third china-based "teapot" refinery for violating Iran sanctions.

At least 70 people have died and over 1,200 were injured following a massive explosion at Iran’s main container port, Bandar Abbas, specifically in the Shahid Rajaee terminal.

A powerful explosion on 27 April at Iran’s biggest port, Bandar Abbas, killed at least 40 people and injured over 1,200, according to state media.